Chipmaker’s US$10b plant aims to tap market
Print Edition
GLOBALFOUNDRIES, the world’s second-biggest made-to-order chipmaker, yesterday broke ground on a new US$10 billion factory in Chengdu, the first 12-inch wafer plant in west China.
The new plant, jointly invested by GlobalFoundries and the Chengdu city government, will help the company tap the domestic market and accelerate development in China, one of the biggest chip markets where various smart devices are boosting demand.
“We are seeing strong demand for both our mainstream and advanced technologies. The new investment will allow us to expand our existing fabs while growing our presence in China,” Chief Executive Sanjay Jha said in a statement.
The new Chinese plant, which expects to start mass production by 2019, will also support the growth of the Chinese semiconductor market and meet increasing global customer demand.
The 12-inch wafer plant marks the most advanced technology in chip fabrication.
GlobalFoundries also said yesterday that it would raise capacity at its plants in the US, Germany and Singapore.
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